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BUSINESS BRIEFS: Realty developers' concern

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KATHMANDU, April 4: Nepal Land and Housing Developers´ Association has decried the financial institutions´ decision of jacking up the realty interest rates every week without consulting their clients, canceling approved loans and asking for payment of the loan before its maturity period citing the central bank´s cap on realty loans.



“As the Nepal Bankers´ Association and concerned government officials have not showed any response to their concerns, the association has decided to request its members not to pay interest more than the rate that was initially agreed upon,” the association said in a press statement on Sunday. [break]



If the concerned authorities do not listen to the concerns of the association, developers will be forced skip payment of interest and principal from mid-June to mid-July, the statement added.





LG launches Giftanzaa offer



KATHMANDU, April 4: LG has brought ´LG Giftanzaa´ offer to its costumers for the summer season.



The costumers buying refrigerators, washing machines, microwave ovens from LG can automatically participate in this scheme. LG will give 32- inch LCD TV for the lucky winner.



“We will also give one tray of Rio juice with every purchase of LG single door refrigerator, two trays of Rio juice with every purchase of LG double door refrigerator, cooking kit with LG microwave oven and CG steam iron with LG washing machine,” the company said in a statement on Sunday.



The company will announce its lucky draw though a live television program in Image Channel.



LG products are available in installments at zero percent interest rates.





Shikhar launches summer slippers



KATHMANDU, April 3: Shikhar Shoe Industries has launched new designs of summer slippers in the market.



“We aim to supply Shikhar shoes in every costumer´s house and for this reason we have launched summer slippers that are available at affordable price and have six months warranty,” the company said in a statement on Sunday.



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